FRP Advisory Group plc (LON:FRP) Just Released Its Yearly Results And Analysts Are Updating Their Estimates

Investors in FRP Advisory Group plc (LON:FRP) had a good week, as its shares rose 6.7% to close at UK£1.52 following the release of its full-year results. FRP Advisory Group reported in line with analyst predictions, delivering revenues of UK£128m and statutory earnings per share of UK£0.092, suggesting the business is executing well and in line with its plan. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.

See our latest analysis for FRP Advisory Group

Taking into account the latest results, the current consensus from FRP Advisory Group's six analysts is for revenues of UK£146.4m in 2025. This would reflect a solid 14% increase on its revenue over the past 12 months. Per-share earnings are expected to accumulate 9.0% to UK£0.098. Yet prior to the latest earnings, the analysts had been anticipated revenues of UK£146.1m and earnings per share (EPS) of UK£0.097 in 2025. The consensus analysts don't seem to have seen anything in these results that would have changed their view on the business, given there's been no major change to their estimates.

It will come as no surprise then, to learn that the consensus price target is largely unchanged at UK£2.03. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. Currently, the most bullish analyst values FRP Advisory Group at UK£2.20 per share, while the most bearish prices it at UK£1.90. This is a very narrow spread of estimates, implying either that FRP Advisory Group is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.

These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the FRP Advisory Group's past performance and to peers in the same industry. We can infer from the latest estimates that forecasts expect a continuation of FRP Advisory Group'shistorical trends, as the 14% annualised revenue growth to the end of 2025 is roughly in line with the 16% annual growth over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to see their revenues grow 3.5% per year. So it's pretty clear that FRP Advisory Group is forecast to grow substantially faster than its industry.

The Bottom Line

The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Happily, there were no major changes to revenue forecasts, with the business still expected to grow faster than the wider industry. The consensus price target held steady at UK£2.03, with the latest estimates not enough to have an impact on their price targets.

Following on from that line of thought, we think that the long-term prospects of the business are much more relevant than next year's earnings. We have estimates - from multiple FRP Advisory Group analysts - going out to 2027, and you can see them free on our platform here.

You still need to take note of risks, for example - FRP Advisory Group has 2 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.